January 25 – 24 Market Update

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.382 USD/M which is an decrease of $0.097 USD/M. Summer 24 settled at $2.507 USD/M which decrease by $0.089 USD/M from yesterday.

Market Fundamentals: Canadian gas production was stable this week at a rate of 18.1 Bcf/d after bouncing back during the week. Canadian gas exports to the United States dropped once again today as US production went back to pre-freeze rates which is around 102-103 Bcf/d. The decline this morning was by 0.15 Bcf/d as flows of 6.16 Bcf/d headed South. In terms of weather, most of the cold has been in Eastern Canada with the temperature dropping by 17.5F versus the last 00z run. (KJ)

Scroll to Top